Introduction to Cyber Risks in Construction:
- Cyber attacks can impact any business, including construction companies.
- Even if you're not a tech company, you may be at risk.
Real-World Example:
- Recent cyber attack on CDK Global affected 10,000-15,000 car dealerships.
- Demonstrates how cyber attacks can disrupt operations and revenue.
Potential Impacts on Construction Companies:
- Vendor and supplier disruptions.
- Software used for design, layout, payroll, and accounts receivable could be compromised.
- Delays in construction projects and missed deadlines.
- Issues with accessing funds or meeting payroll.
Importance of Cyber Defense and Insurance:
- Seek advice from cyber defense experts and insurance brokers.
- Consider standalone cyber liability insurance policies.
- Avoid relying solely on low-limit add-ons to existing policies.
High Probability of Cyber Risks:
- Cyber attacks pose a higher risk than traditional physical damages like fire.
- Necessary to protect your business from potential cyber threats.
Expert Consultations Available:
- Access live, one-on-one consultations with licensed experts in various fields.
- Licensed private investigator, commercial insurance broker, real estate title examiner, civil court mediator, and general contractor available for advice.
- Visit actualhuman.com for more information and to schedule consultations.
